Automotive PCB Industry 2019 Global Market Analysis 2019 to 2023 is latest research report on “Automotive PCB Market” published by MarketResearchFuture. Automotive PCB Market to Capitalize A 5.98% CAGR By 2023. Market For Automotive PCB Market By Type (Single-Sided, Double-Sided and Multi-Layer), Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles and Internal Combustion Engine Vehicles), End User (Passenger Car and Commercial Vehicle), Application (ADAS, Body and Comfort, Infotainment System, Powertrain Components and Others), Level of Autonomous Driving (Autonomous, Semi-Autonomous and Conventional) and Region.
Some of the leading market players operating in the global automotive PCB market include SAMSUNG ELECTRO-MECHANICS, NIPPON MEKTRON, LTD., Aktiengesellschaft, TTM Technologies, CHIN-POON INDUSTRIAL CO., LTD., AT & S Austria Technologies & Systemtechnik, Daeduck Electronics Co., Ltd., Unimicron Corporation, MEIKO ELECTRONICS Co., LTd., CMK CORPORATION, KCE Group and Tripod Technology Corporation.
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Global Automotive PCB Market
According to the new report by Market Research Future (MRFR), the global automotive PCB market is slated to record a substantial market valuation at a steady CAGR of 5.98% over the assessment period (2018-2023).
The rise in the demand for electric vehicles globally, growing consumer preference towards advanced convenience, safety, and comfort systems, and the thriving automotive industry are the factors that have a major impact on the growth of the global automotive PCB market over the review period.
The market has been segmented by MRFR based on vehicle type, type, end-user, level of autonomous driving, application, and region.
Based on type, the automotive PCB market has been segmented into double-sided, single-sided, and multi-layer. The single-sided segment held a 54.5% share of the market in 2017. The segment is presently valued at over USD 4,078.6 million and projected to display a CAGR of 5.09% during the forecast period. Single-sided automotive PCB is cost-efficient and easy to manufacture. It enhances vehicle capability by improving the functioning of electronic components in the vehicles. This is expected to contribute towards its superior market share over the review period.
Based on vehicle type, the automotive PCB market has been into hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), and internal combustion engine (ICE) vehicles. The ICE segment was accounted for 88% share of the market in terms of revenue and is likely to retain its dominance on the market over the assessment period. ICE vehicles remain the standard vehicle type globally. The ICE segment is likely to reach a market valuation in excess of USD 9,000 million over the review period.
Based on application, the market been segmented into body and comfort, ADAS, powertrain components, infotainment system, and others. In 2017, the infotainment system segment was accounted for 56.6% of the market share. the segment is expected to increase at a CAGR of 6.24% over the review period. in current times, most vehicles are installed with infotainment systems. PCB is used in a range of components of infotainment systems, including Bluetooth, navigation, wi-fi, in-car media, radio, dashboard display, among others.
Based on the level of autonomous driving, the automotive PCB market is segmented into semi-autonomous, autonomous, and conventional. The conventional segment presently accounts for the leading market share and is likely to remain highly profitable over the review period. During the assessment period, the segment is projected to expand at a CAGR of 5.78% CAGR. on the other hand, the semi-autonomous segment is projected to capture the maximum CAGR till 2023.
Based on the end-user, the market is bifurcated into a passenger car and commercial vehicle. The passenger segment presently accounts for the largest market share. By the end of the review period, the segment is likely to surpass a valuation of USD 7,700 million. In recent years, a considerable rise has been observed in sales of passenger cars in emerging markets.
Based on region, the automotive PCB market has been segmented into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Asia Pacific leads the global automotive PCB market. This can be attributed to the continual rise in vehicle demand across the region, which has led to a flourishing automotive industry. Moreover, rapid industrialization in countries such as Japan, China, and India can be associated with the increase in demand for vehicles in the region. In terms of market value, APAC presently accounts for 47.9% share of the global market, and this significant trend is likely to remain dominant over the review period. APAC is followed by North America and Europe, respectively, owing to the thriving automotive demand, and the presence of major market players.
List of Tables:
TABLE 1 MARKET SYNOPSIS 19
TABLE 2 LIST OF ASSUMPTIONS 22
TABLE 3 GLOBAL AUTOMOTIVE PCB MARKET, BY TYPE, 2017–2023 (USD MILLION) 42
TABLE 4 GLOBAL AUTOMOTIVE PCB MARKET, BY APPLICATION, 2017–2023 (USD MILLION) 45
TABLE 5 GLOBAL AUTOMOTIVE PCB MARKET, BY VEHICLE TYPE, 2017–2023 (USD MILLION) 48
TABLE 6 GLOBAL AUTOMOTIVE PCB MARKET, BY LEVEL OF AUTONOMOUS DRIVING, 2017–2023 (USD MILLION) 51
TABLE 7 GLOBAL AUTOMOTIVE PCB MARKET, BY END USER, 2017–2023 (USD MILLION) 54
TABLE 8 GLOBAL AUTOMOTIVE PCB MARKET, BY REGION, 2017–2023 (USD MILLION) 56
TABLE 9 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY COUNTRY, 2017–2023 (USD MILLION) 57
TABLE 10 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY TYPE, 2017–2023 (USD MILLION) 58
TABLE 11 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY APPLICATION, 2017–2023 (USD MILLION) 58
TABLE 12 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY VEHICLE TYPE, 2017–2023 (USD MILLION) 58
TABLE 13 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY LEVEL OF AUTONOMOUS DRIVING, 2017–2023 (USD MILLION) 59
TABLE 14 NORTH AMERICA: AUTOMOTIVE PCB MARKET, BY END USER, 2017–2023 (USD MILLION) 59
TABLE 15 US: AUTOMOTIVE PCB MARKET, BY TYPE, 2017–2023 (USD MILLION) 60
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